Nice logo, but it feels more like a baseball logo than a basketball one. I could just imagine a baseball inside the circle. You could try to add a basketball inside the circle and see how that looks.
Park is like the 3rd most common Korean last name. It's like asking "Smith? Are you related to Bobby Smith?"
Like the idea, but I think it would look better with an R instead of the H. The H looks too much like an A in this case, as it was pointed out. All you need to do is add the R indent on the right side.
take this idear on the right. Incorporate this update of our logo. The logo stays red with yellow where the Rocket is lifting off, transition to the smoke going around and forming the shape of a bball..maybe throw in 5 well placed stars at the top of the inner ball.